November totals
Internet has been down for a couple days here in the ol' casa. Back up now.
November was shaping up to be one of the better months of my IRA's life. Then the market took a giant poop on me. It still ended up decent at +1.97%, but I was targeting 4% much of the month and had been flogging the market handily. In the end, though, the DJW5K ended up squeaking out a slim win with a 2.08% month. Bummer. I'd rather lose money and beat the market than make money and lose to the market for some reason;))
Things are not impressive in the trading account just looking at the numbers. I was down a total of 13.64%. And I needed a furious rally yesterday to be that good. My account gained almost 20% yesterday alone. Wheat, Gold and the 30 year bond were all up nicely. All three contracts are in the black, although wheat is hanging by a thread. I wonder just how high the bond can go. The face value is 100K and it is trading close to $115 right now. Rates are in the toilet. Time will tell.
So, even though the loss this month looks horrible (and it ain't great!) I feel pretty good about the trajectory. My account lost only about $1,600 as of yesterday from October 31, and I made up a couple hundred of that today. That could come quick with futures. Yesterday I improved by $1,600 in one day alone.
I need to crunch numbers, but I'm certain the loss is made up of failed daytrading goof-around trades. Those days are over! I'm sure I could learn to be good at day trading, but I have no desire. I really don't enjoy it much at all. It just doesn't fit my personality or my temprement or something.
The IRA has been seeing a lot of chop the last week or so. Positions are being cut ar a more rapid rate than I have been seeing. As (if) this continues, I would expect to see fewer and fewer opportunities out there and I'll maintain a higher cash balance as a percent of the portfolio. Of course, this could also be a choppy consolidation period prior to another move up. Either way, I'll be ready to do the right thing.
November was shaping up to be one of the better months of my IRA's life. Then the market took a giant poop on me. It still ended up decent at +1.97%, but I was targeting 4% much of the month and had been flogging the market handily. In the end, though, the DJW5K ended up squeaking out a slim win with a 2.08% month. Bummer. I'd rather lose money and beat the market than make money and lose to the market for some reason;))
Things are not impressive in the trading account just looking at the numbers. I was down a total of 13.64%. And I needed a furious rally yesterday to be that good. My account gained almost 20% yesterday alone. Wheat, Gold and the 30 year bond were all up nicely. All three contracts are in the black, although wheat is hanging by a thread. I wonder just how high the bond can go. The face value is 100K and it is trading close to $115 right now. Rates are in the toilet. Time will tell.
So, even though the loss this month looks horrible (and it ain't great!) I feel pretty good about the trajectory. My account lost only about $1,600 as of yesterday from October 31, and I made up a couple hundred of that today. That could come quick with futures. Yesterday I improved by $1,600 in one day alone.
I need to crunch numbers, but I'm certain the loss is made up of failed daytrading goof-around trades. Those days are over! I'm sure I could learn to be good at day trading, but I have no desire. I really don't enjoy it much at all. It just doesn't fit my personality or my temprement or something.
The IRA has been seeing a lot of chop the last week or so. Positions are being cut ar a more rapid rate than I have been seeing. As (if) this continues, I would expect to see fewer and fewer opportunities out there and I'll maintain a higher cash balance as a percent of the portfolio. Of course, this could also be a choppy consolidation period prior to another move up. Either way, I'll be ready to do the right thing.
posted by mccrok @ 7:42 PM
0 comments
